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Ducommun Incorporated (NYSE:DCO - Get Rating) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 99,200 shares, a growth of 7.7% from the August 31st total of 92,100 shares. Based on an average daily trading volume, of 44,900 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.9% of the shares of the stock are sold short. Insider Buying and Selling
In related news, CFO Christopher D. Wampler sold 1,500 shares of the stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $44.18, for a total transaction of $66,270.00. Following the sale, the chief financial officer now owns 21,899 shares of the company's stock, valued at $967,497.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.80% of the stock is currently owned by company insiders. Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of DCO. Legal & General Group Plc raised its position in Ducommun by 11.3% during the 2nd quarter. Legal & General Group Plc now owns 26,078 shares of the aerospace company's stock worth $1,123,000 after purchasing an additional 2,652 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Ducommun by 39.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 675,475 shares of the aerospace company's stock worth $29,072,000 after purchasing an additional 190,608 shares during the last quarter. Penn Capital Management Company LLC raised its position in Ducommun by 375.3% during the 2nd quarter. Penn Capital Management Company LLC now owns 48,792 shares of the aerospace company's stock worth $2,100,000 after purchasing an additional 38,527 shares during the last quarter. AQR Capital Management LLC raised its position in Ducommun by 208.4% during the 2nd quarter. AQR Capital Management LLC now owns 27,302 shares of the aerospace company's stock worth $1,175,000 after purchasing an additional 18,449 shares during the last quarter. Finally, State Street Corp raised its position in Ducommun by 5.2% during the 2nd quarter. State Street Corp now owns 326,779 shares of the aerospace company's stock worth $14,065,000 after purchasing an additional 16,220 shares during the last quarter. 85.17% of the stock is currently owned by institutional investors. Ducommun Price Performance
Shares of DCO traded up $0.89 during trading hours on Tuesday, reaching $42.60. The stock had a trading volume of 192 shares, compared to its average volume of 35,156. Ducommun has a 12 month low of $38.89 and a 12 month high of $58.18. The stock has a market capitalization of $514.18 million, a PE ratio of 3.85 and a beta of 1.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.79. The company's 50-day moving average is $44.82 and its two-hundred day moving average is $46.58.
Ducommun (NYSE:DCO - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The aerospace company reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.07). Ducommun had a net margin of 19.93% and a return on equity of 8.25%. The firm had revenue of $174.20 million during the quarter, compared to the consensus estimate of $170.32 million. Research analysts expect that Ducommun will post 3.22 EPS for the current year. Wall Street Analyst Weigh In
Separately, Truist Financial cut their target price on Ducommun from $72.00 to $63.00 and set a "buy" rating for the company in a research note on Tuesday, July 19th.Ducommun Company Profile (Get Rating)
Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace and defense, industrial, medical, and other industries in the United States. It operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; higher-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.Featured StoriesGet a free copy of the StockNews.com research report on Ducommun (DCO)3 Safe Earnings Plays for a Risk-Off MarketTyson Foods Takes a Lickin’ and Keeps on Tickin’ LowerSmall-Cap Catalyst Pharma Is Among Market's Best Price Performers3 Stocks Growing Their Businesses for 2023China-Based EV Maker BYD Set For Big European, Japanese Expansion
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